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The Luas passing houses on a construction site in City West, Dublin Eamonn Farrell/RollingNews.ie

Cost of renting near Luas stops €3,360 higher per year compared with other parts of Dublin

The findings were made as part of the latest Luas Rental Price report from Daft.ie.

TENANTS LIVING IN two- and three-bedroom rental properties located within 1km of a Luas stop are now paying an average of €2,189 per month, according to new research.

The latest Luas Rental Price report from Daft.ie found that renters living close to Dublin’s light rail network are now paying 15% – or €3,360 per year – more than those living in similar properties in Dublin.

The research, sponsored by KBC in collaboration with TheJournal.ie, analysed average rental prices for two- and three-bedroom properties close to each of the 67 Luas stops in the greater Dublin area between July 2017 and June 2018.

Tenants living along the Luas Green line were found to pay the highest rent of any properties, with average monthly rents of €2,296 – €412 more than the Dublin average of €1,884.

Meanwhile, those living along the Luas Red line pay an average of €2,081 a month in rent, €197 more expensive than the Dublin average.

Stop by stop Luas map Average rental prices for two- and three-bed properties located within 1km of each Luas stop Daft.ie Daft.ie

The Red line also had the most and least expensive Luas stops to live by. At the expensive end of the scale, average rents for two- and three-bedroom properties within 1km of Spencer Dock Luas stop averaged €2,793 per month.

However, average rents for two- and three-bedroom properties within 1km of Cheeverstown Luas stop – the cheapest to live by – were €1,417 per month.

On the Luas Green line, Charlemont commanded the highest rents, averaging €2,646 per month, while tenants near Laughanstown have the lowest rents, paying an average of €1,886 per month.

Commenting on the report, Daft.ie’s Martin Clancy said that it showed how access to transport infrastructure was driving up premiums for properties.

He pointed to the fact that average rents were below €2,000 per month for properties near just 7 of the 27 Luas Green line stops.

Along with the report, Daft.ie has also launched a new series of interactive maps which show the rental prices and neighbourhood guides near each Luas stop along both lines.

“We are confident they will arm property hunters with invaluable information about the connectivity and rents of these neighbourhoods along with some very novel trivia associated with these locations,” Clancy added.

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23 Comments
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    Mute David Corrigan
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    Nov 2nd 2018, 6:36 AM

    2189.00 EUR per month is 4.7 times the amount I pay towards mortgage every month. Frightening.

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    Mute DaisyMay
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    Nov 2nd 2018, 6:50 AM

    @David Corrigan: but to fair… it’s about what must people pay towards a mortgage in Dublin

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    Mute Genius 80s+
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    Nov 2nd 2018, 8:01 AM

    This country is out of control for prices everything is over priced and those responsible blame a free market when it’s clearly price gouging and greed.

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    Mute Paraic
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    Nov 2nd 2018, 8:23 AM

    @David Corrigan: It’s 1/3rd the price of a hotel room though.

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    Mute Marcus o Dhonnghaile
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    Nov 2nd 2018, 10:10 AM

    @David Corrigan: You probably didnt buy your house last year.

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    Mute Sean Conway
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    Nov 2nd 2018, 7:39 AM

    It will end in disaster. the government are making thing worse. with no attempt to solve the problem with a public works housing project. instead they pander to speculators and landlords.

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    Mute Brianán McBride
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    Nov 2nd 2018, 8:03 AM

    @Sean Conway: a lot in government are landlords.

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    Mute Paraic
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    Nov 2nd 2018, 8:18 AM

    @Sean Conway: By pander, do you mean target?

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    Mute Patrick Nolan
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    Nov 2nd 2018, 9:39 AM

    @Sean Conway:
    And yet they climb higher in the polls.
    I’m alright jack

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    Mute Marcus o Dhonnghaile
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    Nov 2nd 2018, 10:11 AM

    @Sean Conway: Another crash on the way. Have you got some money to buy in cheap thats what the cute gang do.

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    Mute Patrick Nolan
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    Nov 2nd 2018, 10:31 AM

    @Marcus o Dhonnghaile:
    You are right, there will be another crash, maybe soon or it could be 10-15 years away but the first thing that will happen when it does is the banks will withdraw credit and very few ordinary people will have the €150-200k+ needed to buy in cash.

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    Mute Marcus o Dhonnghaile
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    Nov 2nd 2018, 1:36 PM

    @Patrick Nolan: 10 or 15 years away ???? try two to three years for the next crash the next mini boom is 10 or 15 years away, Thats what we do here boom and bust every 10 to 15 years

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    Mute Patrick Nolan
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    Nov 2nd 2018, 2:30 PM

    @Marcus o Dhonnghaile:
    You may be right but then…
    In 1998 my father built a bungalow in the country to retire and rented his house in the town to a couple who had sold their house for a “big price” and we’re going to rent for a while and then buy back when it crashed again.
    They only stayed a year, house was two big really, so I have no idea what happened to them but I know when the crash came house prices didn’t fall to anywhere near 1998 levels.
    As regards we having a 10-15 year cycle, the previous to last crash started in the early eighties, didn’t happen again until 2008, at least 25 years later.
    Everyone can predict a crash, but anyone suggesting they know when is only fooling themselves.

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    Mute Martin Sinnott
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    Nov 2nd 2018, 6:44 AM

    Are these figures based on new rents ? If so they don’t take into account most rents payed. But it shows that new rents are dangerously way to high leading to misery for Tenants.

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    Mute mursim
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    Nov 2nd 2018, 8:36 AM

    It’s getting to the point where a few riots seem necessary.

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    Mute Robin Basstard
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    Nov 2nd 2018, 9:12 AM

    @mursim: Can’t be having a riot while X factor is on TV…the plebs haven’t time…
    Can’t be having a riot while the premier league is on TV…the plebs haven’t time…
    Can’t be having a riot while the GAA is in full swing the plebs haven’t time…
    Looks like the peasants will have to put up with being robbed because they haven’t time…to much on TV…

    This may be perceived as toxic4.4/10

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    Mute Patrick Nolan
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    Nov 2nd 2018, 2:34 PM

    @mursim:
    Your right, this democracy thing is useless, it should be decided by who has the biggest gun..

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    Mute Michael Kavanagh
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    Nov 2nd 2018, 7:20 AM

    And yet if any piece of decent transport infrastructure is proposed in an area the whinging of local home owners knows no bounds!

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    Mute Diddles Daffy
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    Nov 2nd 2018, 7:44 AM

    Keep voting them in folks

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    Mute joe
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    Nov 2nd 2018, 10:10 AM

    Sorry but it’s a free market (or at least it was). People with more money will pay more to live near the LUAS. Simple as.
    This is the way it should be!

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    Mute BAKKT-MAN XRP
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    Nov 2nd 2018, 8:17 PM

    My Wife and relocated to the UK 7 months ago best decision we ever made. Both had good paying professional jobs renting in Dublin trying to save for a mortgage. Constantly Broke and out of the house 12hrs a day. Since we moved we are now mortgage ready. What you would get in Firhouse for €345k the exact same house over here is £130k we are also mortgage ready home from work at 5.45pm every day. We feel like we have a future and time back in our lives. Dublin is over heating and will pop very soon. If I could give advise, if you can get out now before another recession hits. You don’t realise how back it is until you leave.

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    Mute BAKKT-MAN XRP
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    Nov 3rd 2018, 12:11 AM

    House prices plugging in California as fast as 2008 crash- brace yourself Dublin it won’t be long

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    Mute Paul Daly
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    Nov 2nd 2018, 9:49 PM

    give it another few years and it will be €3,360 higher per month never mind per year !

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